The World Boxing Association (WBA) has confirmed that Tyson Fury and Oleksandr Usyk’s teams have reached a “understanding” for their undisputed heavyweight battle.
The unification bout is slated to take place on 29 April at Wembley Stadium, but on Friday Usyk’s promoter stated the fight was “unlikely to happen next”.
However, the WBA says an agreement was achieved before Friday’s 22:00 GMT deadline, albeit both sides have sought time to “work on the contracts to seal the deal”.
According to a lawyer for Ukrainian Usyk, the parties have agreed on terms in which Britain’s Fury will receive a 70% split to Usyk’s 30%.
Earlier on Friday, Fury offered the 70/30 split on his social media outlets.
In a subsequent Instagram video, Usyk stated that he would accept provided the Englishman instantly donated £1 million to the people of Ukraine and also gave up 1% of his pocketbook for every day he delayed.
Fury, 34, is the WBC champion, while Usyk, 36, is the WBO, WBA, and IBF champion.
Usyk, the former undisputed cruiserweight champion, has won all 20 of his professional fights, while Fury has 33 wins and one draw.